- Charlie Munger’s Daily Journal Portfolio continues to have just four positions.
- The portfolio has been largely untouched since their first 13F filing for Q4 2013.
- The overall portfolio value increased ~2% in the quarter.
Charlie Munger’s Daily Journal portfolio value increased marginally
this quarter from $152M to $154M. Since their first 13F filing in Q4 2013,
there has only been one change to the holdings: POSCO was reduced significantly
in Q4 2014. After accounting for this sale, the portfolio value has remained
remarkably steady over the last four years. To know more about Charlie Munger,
check out the book Poor Charlie's Almanack: The Wit and
Wisdom of Charles T. Munger.
Below is a look at the holdings:
Wells Fargo (WFC):
WFC stake forms ~57% of the entire portfolio. The stock was at $45.40 EOY 2013
during their first 13F filing and is now at $54. For investors attempting to
follow Munger, WFC is a good option to consider for further research.
Bank of America
(BAC): BAC is another large stake at ~38% of the portfolio. The stock was
at $15.57 during their first 13F filing for EOY 2013 and is now at $26.49.
US Bancorp (USB):
USB is a 4.86% of the portfolio position. The stock is at ~$52.11, around 30%
higher compared to the EOY 2013 pricing of ~$40
POSCO (PKX): The
minutely small 0.44% portfolio stake was sold down by ~85% in Q4 2014 at prices
between $64 and $73. The stock is now at $71.43.
The spreadsheet below show Charlie Munger's Daily Journal US
stock holdings as of Q3 2017. Please visit our previous updates to get an
idea on how the portfolio has progressed:
To learn more about how to profit from a strategy of cloning
hedge fund picks, check out our book Profiting from Hedge Funds: Winning
Strategies for the Little Guy .